Clark Estates Inc. NY continued to hold its position in shares of Western Union Company (The) (NYSE:WU) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,400 shares of the credit services provider’s stock at the end of the second quarter. Clark Estates Inc. NY’s holdings in Western Union Company (The) were worth $3,037,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Teachers Advisors LLC raised its position in shares of Western Union Company (The) by 14.0% in the fourth quarter. Teachers Advisors LLC now owns 611,489 shares of the credit services provider’s stock worth $13,282,000 after buying an additional 75,267 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Western Union Company (The) by 17.8% in the first quarter. Suntrust Banks Inc. now owns 118,191 shares of the credit services provider’s stock worth $2,403,000 after buying an additional 17,879 shares during the last quarter. Profund Advisors LLC raised its position in shares of Western Union Company (The) by 4.3% in the first quarter. Profund Advisors LLC now owns 15,757 shares of the credit services provider’s stock worth $321,000 after buying an additional 654 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Western Union Company (The) by 3.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,492,020 shares of the credit services provider’s stock worth $30,363,000 after buying an additional 43,672 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Western Union Company (The) by 55.3% in the first quarter. Toronto Dominion Bank now owns 129,875 shares of the credit services provider’s stock worth $2,642,000 after buying an additional 46,243 shares during the last quarter.

Shares of Western Union Company (NYSE:WU) opened at 18.91 on Friday. The firm has a market capitalization of $8.77 billion, a P/E ratio of 48.61 and a beta of 1.19. The company’s 50 day moving average price is $19.14 and its 200-day moving average price is $19.53. Western Union Company has a 12 month low of $18.42 and a 12 month high of $22.70.

Western Union Company (The) (NYSE:WU) last released its earnings results on Thursday, August 3rd. The credit services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.08. Western Union Company (The) had a return on equity of 92.41% and a net margin of 3.50%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that Western Union Company will post $1.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 3.70%. Western Union Company (The)’s dividend payout ratio (DPR) is presently 179.49%.

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A number of research analysts have weighed in on the company. Stifel Nicolaus restated a “hold” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Western Union Company (The) in a report on Wednesday. Mizuho assumed coverage on Western Union Company (The) in a report on Tuesday, June 27th. They issued an “underperform” rating and a $16.00 price objective on the stock. Barclays PLC raised their price objective on Western Union Company (The) from $21.00 to $22.00 and gave the company an “underweight” rating in a report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and issued a $23.00 price objective on shares of Western Union Company (The) in a report on Thursday, April 13th. Finally, Zacks Investment Research lowered Western Union Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Western Union Company (The) currently has a consensus rating of “Hold” and an average price target of $20.27.

In related news, EVP John David Thompson sold 23,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $20.12, for a total transaction of $472,820.00. Following the transaction, the executive vice president now directly owns 129,650 shares in the company, valued at $2,608,558. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Western Union Company (The) Company Profile

The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. The Company’s Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.

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Institutional Ownership by Quarter for Western Union Company (The) (NYSE:WU)

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